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The Underground Wealth Of Nations: Commentary On 'The Other Path'

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Author Info
Edgar L. Feige (University of Wisconsin-Madison)

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Abstract

This paper examines the contribution of Hernando De Soto’s “The Other Path” in the context of the literature on “underground economies”. Various types of “underground economies” are described and are shown to arise from different causes and to have different consequences. The underground economies of the Western World are compared to those in Socialist countries and those most likely to be found in developing nations. Reference: The World and I, June 1989

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File URL: http://129.3.20.41/eps/mac/papers/0502/0502010.pdf
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Publisher Info
Paper provided by EconWPA in its series Macroeconomics with number 0502010.

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Length: 8 pages
Date of creation: 03 Feb 2005
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Handle: RePEc:wpa:wuwpma:0502010

Note: Type of Document - pdf; pages: 8
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Web page: http://129.3.20.41

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Related research
Keywords: Underground; informal; unreported; unrecorded; De Soto;

Find related papers by JEL classification:
O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion

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